Equity Trading to resume Monday

Discussion in 'Trading' started by gh1, Sep 13, 2001.

  1. gh1


    09/13 15:08
    U.S. Stocks to Resume Trading Monday, Grasso Says (Update1)
    By Robert Dieterich and Josh P. Hamilton

    New York, Sept. 13 (Bloomberg) -- U.S. stock markets will remain closed for a fourth day tomorrow and resume trading Monday, New York Stock Exchange Chairman Richard Grasso said.

    Trading has been shut since Tuesday, when terrorists destroyed the twin towers of the World Trade Center, forcing the evacuation of the financial district in lower Manhattan. Crews are struggling to find survivors and clear the debris of the 110-story towers.

    Markets will open Monday at 9:30 a.m. in New York, Grasso said at a meeting of exchange officials, securities firms and regulators on the 27th floor of Credit Suisse First Boston Inc.'s headquarters Securities firms will test their computer systems on Saturday beginning at 10 a.m., he said.

    ``We want to get the markets back up and running as soon as possible,'' Harvey Pitt, chairman of the Securities and Exchange Commission, said in an interview after the meeting adjourned. An announcement is expected in the next 10 to 15 minutes.

    from: http://www.bloomberg.com/welcome.html
  2. gh1


    09/13 16:28
    U.S. Stocks to Stay Closed Until Monday, Grasso Says (Update5)
    By Robert Dieterich

    New York, Sept. 13 (Bloomberg) -- U.S. stock markets will resume trading Monday, six days after a terrorist attack destroyed the World Trade Center, exchange officials and regulators said. The shutdown will be the longest in 68 years.

    Executives said they needed more time to ensure computers and communications could handle the normal flood of transactions and that enough people could get to work at the New York Stock Exchange and other buildings in lower Manhattan.

    More at: http://quote.bloomberg.com/fgcgi.cg...n&middle=ad_frame2_topfin&s=AO6EW.xURVS5TLiBT